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Palatine reviews two-and-a-half-year results of video gaming: village reports roughly $470,000 returned locally
Summary
Village staff and three Palatine bar and restaurant owners described how video gaming licenses have affected revenues, staffing and reinvestment; staff said the village has received about $470,000 since August 2022 and is directing funds into a new Community Engagement and Planning Division.
Village officials and licensed operators discussed the local effects of video gaming during the April 14 committee meeting as the council continues a multiweek review of businesses that hold the licenses.
A village staff speaker summarized revenue shares under state statute and reported cumulative totals since August 2022. “When I look at where they go … the terminal operators and the establishments cumulatively have made about $3,000,000, the state $2,700,000 and the village $470,000 since August of 2022,” the staff member said, describing the statutory split as roughly 33 percent to establishments, 33 percent to terminal operators, 29 percent to the state and 5 percent to the municipality.
Staff told the committee the…
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